Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Obama administration still operating on behalf of Wall Street megabanks

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » General Discussion: Presidency Donate to DU
 
brentspeak Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 09:54 PM
Original message
Obama administration still operating on behalf of Wall Street megabanks
From today's Huffington Post article on the defeated -- and absolutely vital -- Brown-Kaufman bill:



http://www.huffingtonpost.com/2010/05/06/senate-votes-for-wall-str_n_567063.html

Though top Obama administration officials have not publicly opposed the amendment, its leading economists have opposed ending Too Big To Fail simply by breaking up the nation's financial behemoths. Austan Goolsbee and Larry Summers have both fought back against this idea, as has Treasury Secretary Timothy Geithner.
Printer Friendly | Permalink |  | Top
msongs Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 09:55 PM
Response to Original message
1. next thing ya know someone from goldman sachs will be in the cabinet lol nt
Printer Friendly | Permalink |  | Top
 
polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-07-10 06:49 AM
Response to Reply #1
18. Nah - that would be way too telling! :)
Printer Friendly | Permalink |  | Top
 
DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 09:57 PM
Response to Original message
2. Who says you cant buy influence
Printer Friendly | Permalink |  | Top
 
babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 10:07 PM
Response to Original message
3. You tell me, since the Obama admin didn't get a vote. What were
these Dems thinking (from your article)?

The 27 Democrats who voted against the amendment:

* Akaka (D-HI)
* Baucus (D-MT)
* Bayh (D-IN)
* Bennet (D-CO)
* Carper (D-DE)
* Conrad (D-ND)
* Dodd (D-CT)
* Feinstein (D-CA)
* Gillibrand (D-NY)
* Hagan (D-NC)
* Inouye (D-HI)
* Johnson (D-SD)
* Kerry (D-MA)
* Klobuchar (D-MN)
* Kohl (D-WI)
* Landrieu (D-LA)
* Lautenberg (D-NJ)
* McCaskill (D-MO)
* Menendez (D-NJ)
* Nelson (D-FL)
* Nelson (D-NE)
* Reed (D-RI)
* Schumer (D-NY)
* Shaheen (D-NH)
* Tester (D-MT)
* Udall (D-CO)
* Warner (D-VA)
Printer Friendly | Permalink |  | Top
 
villager Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 11:19 PM
Response to Reply #3
9. They were probably thinking they didn't want to offend their masters...
n/t
Printer Friendly | Permalink |  | Top
 
freddie mertz Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-07-10 03:22 PM
Response to Reply #3
19. They represent the "Banker's party," not us. nt.
Printer Friendly | Permalink |  | Top
 
jeanpalmer Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-08-10 01:53 AM
Response to Reply #3
23. Probably
"How can I lever this vote into a huge campaign contribution?"
Printer Friendly | Permalink |  | Top
 
amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 10:36 PM
Response to Original message
4. Obama got $10.2 million in campaign donations from Wall Street
bundlers

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=8286680&mesg_id=8288096
Printer Friendly | Permalink |  | Top
 
boppers Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 10:47 PM
Response to Reply #4
5. ...out of $700,000,000?
Oh, and his biggest contributor company? Those fat cat corporatists working for the University of California.

http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638
Printer Friendly | Permalink |  | Top
 
amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 10:52 PM
Response to Reply #5
7. elite bundlers gave $76 million to Obama
Printer Friendly | Permalink |  | Top
 
boppers Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 11:21 PM
Response to Reply #7
10. ... with $624,000,000 from other sources.
Math is FUNdamental!
Printer Friendly | Permalink |  | Top
 
amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-07-10 12:20 AM
Response to Reply #10
11. many of those "other" sources were corporate donations, such as Goldman Sachs and Big Pharma
Printer Friendly | Permalink |  | Top
 
boppers Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-07-10 12:43 AM
Response to Reply #11
12. University of California, Harvard University...
http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638

Oh, and corporations cannot donate directly, but I'm sure you knew that, and weren't trying to misrepresent such a thing.
Printer Friendly | Permalink |  | Top
 
amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-07-10 12:45 AM
Response to Reply #12
13. JP Morgan Chase, Morgan Stanley....
Printer Friendly | Permalink |  | Top
 
boppers Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-07-10 12:49 AM
Response to Reply #13
14. Google, Microsoft, IBM...
Big employers have lots of employees with money!

How weird of them.

Even weirder that such people would contribute to political campaigns...

If you check the above bundler links, you can see that the top bundler was one guy from Dreamworks (another guy is in the list, too), so I guess the Shrek lobby is *totally* dominating Washington right now.
Printer Friendly | Permalink |  | Top
 
amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-07-10 12:52 AM
Response to Reply #14
15. Big Pharma, health insurance corporations.....
"Showing these clusters of contributions from people associated with particular organizations provides a valuable—and unique—way of understanding where a candidate is getting his or her financial support. Knowing those groups is also useful after the election, as issues come before Congress and the administration that may affect those organizations and their industries."



open secrets.org
Printer Friendly | Permalink |  | Top
 
boppers Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-07-10 12:58 AM
Response to Reply #15
16. I'm wondering what the "Shrek giveaway" is...
Or how much better University employees have it?
Printer Friendly | Permalink |  | Top
 
ipaint Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 10:48 PM
Response to Original message
6. Senators that opposed the bill on both sides of the aisle got
almost twice the money from the financial sector than those who were for it.

Money talks.
Printer Friendly | Permalink |  | Top
 
amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 10:53 PM
Response to Reply #6
8. exactly
Printer Friendly | Permalink |  | Top
 
freddie mertz Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-07-10 03:36 PM
Response to Reply #6
21. + 1000000!
Bingo!:thumbsup: :loveya: :headbang: :patriot:
Printer Friendly | Permalink |  | Top
 
denimgirly Donating Member (929 posts) Send PM | Profile | Ignore Fri May-07-10 01:17 AM
Response to Original message
17. So Obama's a Corporatist...the signs were always there -- Shameful and Disappointing.
I know we saw this many times already but this is quite possibly the clearest indication he is more for corporate america than the people. Ah well, one day we will hopefully get a real progressive president for the people. Sooner or later the people are going to get angry with this constant giveaway to special interests and take to the streets like they commonly do in Europe. We can dream.
Printer Friendly | Permalink |  | Top
 
Name removed Donating Member (0 posts) Send PM | Profile | Ignore Fri May-07-10 03:26 PM
Response to Original message
20. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
Name removed Donating Member (0 posts) Send PM | Profile | Ignore Fri May-07-10 10:05 PM
Response to Original message
22. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-08-10 07:25 AM
Response to Reply #22
24. Which part of the op is untrue? btw...
Character assasination is what Republicans do when they can't refute the message.
Printer Friendly | Permalink |  | Top
 
Kltpzyxm Donating Member (135 posts) Send PM | Profile | Ignore Sat May-08-10 07:57 AM
Response to Original message
25. Don't worry
It will eventually "trickle down"
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Mon May 13th 2024, 01:42 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion: Presidency Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC